• S&P/ASX 200 closes flat up just 0.01%, while the emerging companies index is up 0.09%
  • ASX tech sector continues to climb on back of chip maker Nvidia’s impressive NASDAQ performance
  • Blaze Minerals soars after announcing it will acquire the North Spirit lithium project in Canada


The S&P ASX 200 index has closed flat on Friday, while the S&P ASX Emerging Companies index (XEC) – a benchmark for Australia’s micro-cap companies –  is slightly up o.09%.

Six of the 11 sectors were in the green today with info tech continuing to climb on the back of the tech giant and chip maker Nvidia’s NASDAQ rally. The local tech sector rallied 1.55% today, followed by materials rising 0.93% and consumer discretionary, which was up 0.46%.

The laggards were healthcare, which has fallen 0.76%, followed by the real estate sector (down 0.69%) and consumer staples (down 0.50%).

Overnight, Wall Street rebounded as chipmaker Nvidia ignited a rush for AI and tech stocks. At the close, Nasdaq was +1.7% higher, and the S&P 500 rose +0.88%.

As reported this morning Nvidia surged 24% to an all time high as the company’s outlook bolstered bets that AI will be the key to mega-cap tech’s growth story.

Nvidia, now capped  at US$939bn, is poised to become a trillion-dollar company as the chipmaker predicted a substantial sales increase in the second half.

On the economic front, US jobless claims for the week came in lower than expected, with 229,000 claims filed vs 245,000 expected by economists now expecting the US Federal Reserve to maintain its hawkish tone.

Meanwhile, the Shanghai Composite in mainland China is recovering some of yesterday’s losses. At 4.30pm (AEST) and up 0.59%, while the Hong Kong market is closed today for a public holiday to mark the Birthday of Buddha.

Japanese markets are mixed today. The Nikkei 225 was up 0.37%, while the Topix fell 0.14%.



Here are the best performing ASX small cap stocks:

Swipe or scroll to reveal full table. Click headings to sort:

Code Company Price % Today Volume Market Cap
BLZ Blaze Minerals Ltd 0.019 90% 59,283,675 $3,675,082
AOA Ausmon Resorces 0.004 33% 3,023,777 $2,907,868
ARE Argonaut Resources 0.002 33% 8,209,423 $9,542,807
GMN Gold Mountain Ltd 0.004 33% 5,346,574 $5,909,798
NXS Next Science Limited 0.63 29% 157,450 $105,247,166
ENT Enterprise Metals 0.005 25% 1,829,724 $2,820,323
GNM Great Northern 0.0025 25% 961,723 $4,272,627
MTH Mithril Resources 0.0025 25% 7,368,000 $6,737,609
ROG Red Sky Energy. 0.005 25% 651,421 $21,208,909
SIH Sihayo Gold Limited 0.0025 25% 167,000 $12,204,256
TYM Tymlez Group 0.005 25% 700,000 $4,368,781
LPD Lepidico Ltd 0.012 20% 30,594,221 $76,377,726
WEC White Energy Company 0.11 20% 653 $3,732,375
WA1 WA1 Resources 4.72 18% 1,658,021 $157,291,047
PAM Pan Asia Metals 0.27 17% 177,028 $35,711,250
ZEU Zeus Resources Ltd 0.034 17% 1,742,612 $12,710,700
AHK Ark Mines Limited 0.35 17% 78,317 $10,383,031
BAT Battery Minerals Ltd 0.0035 17% 3,716,200 $10,070,827
FTC Fintech Chain Ltd 0.015 15% 6,000 $8,460,005
CYP Cynata Therapeutics 0.155 15% 230,858 $24,163,797
FAU First Au Ltd 0.004 14% 4,226,479 $5,081,976
TAS Tasman Resources Ltd 0.008 14% 600,000 $4,988,685
TIG Tigers Realm Coal 0.008 14% 3,538,662 $91,466,917
OEC Orbital Corp Limited 0.16 14% 78,841 $16,412,943
XRG Xreality Group Ltd 0.048 14% 458,654 $18,739,994
Wordpress Table Plugin

In small caps today  Blaze Minerals (ASX:BLZ) soared after announcing that it has entered into a Heads of Agreement with Exiro Minerals to acquire the North Spirit lithium project in Ontario, Canada.

North Spirit is made up of 1,698 claims over roughly 340km2, located 30km along strike to the southeast from Frontier Lithium’s world class PAK and Spark lithium project, which is why everyone’s all excited about it.

WA1 Resources (ASX:WA1) is also on the winners list on no fresh news. As Stockhead’s Gregor Stronach noted at lunchtime today’s rally puts WA1 up more than 2600% over the past 12 months.



Here are the worst performing ASX small cap stocks:

Swipe or scroll to reveal full table. Click headings to sort:

Code Company Price % Volume Market Cap
CCE Carnegie Cln Energy 0.001 -33% 178,212 $23,463,861
MTL Mantle Minerals Ltd 0.001 -33% 1,018,471 $9,221,169
TNY Tinybeans Group Ltd 0.13 -28% 102,500 $11,049,382
RNX Renegade Exploration 0.011 -27% 3,982,826 $14,221,857
ZMI Zinc of Ireland NL 0.022 -27% 1,655,007 $6,301,328
PKO Peako Limited 0.007 -22% 3,205,243 $4,236,583
TMH The Market Herald 0.27 -21% 65,111 $109,130,678
DCL Domacom Limited 0.03 -19% 319,380 $16,113,566
PVL Powerhouse Ven Ltd 0.049 -18% 133,000 $7,244,591
MPP Metro Perf.Glass Ltd 0.12 -17% 10,000 $26,879,822
CLU Cluey Ltd 0.1 -17% 15,500 $24,193,628
CHK Cohiba Min Ltd 0.005 -17% 724,977 $10,879,465
EFE Eastern Resources 0.01 -17% 13,276,168 $14,903,358
KNM Kneomedia Limited 0.005 -17% 2,993,786 $9,028,712
PNX PNX Metals Limited 0.0025 -17% 40,000 $16,141,874
SKN Skin Elements Ltd 0.01 -17% 401,077 $5,593,619
DBO Diablo Resources 0.041 -16% 107,774 $3,552,500
RNT Rent.Com.Au Limited 0.026 -16% 585,649 $15,923,281
ADD Adavale Resource Ltd 0.016 -16% 1,661,829 $9,870,996
IMM Immutep Ltd 0.315 -15% 7,676,073 $325,339,382
AD1 AD1 Holdings Limited 0.006 -14% 200,000 $5,757,983
ADX ADX Energy Ltd 0.006 -14% 1,472,100 $24,742,372
OAR OAR Resources Ltd 0.003 -14% 275,000 $8,438,633
KLL Kalium Lakes Ltd 0.025 -14% 12,074,060 $58,919,654
CSF Catalano Seafood 0.052 -13% 126,834 $2,022,240
Wordpress Table Plugin

On the losers list today is Catalano Seafood (ASX:CSF) after announcing it has a new executive chairman, replacing Nick Catalano.

Michael Marcus Liew stepping into the role, effective today with Catalano will remain as managing director and CEO of the company.

Liew, who is a substantial shareholder in CSF, holding 16% of the total issued capital, will replace as executive chairman.

In an announcement CSF said Liew is a highly accomplished professional with a distinguished career within the public listed company landscape, including ASX, SGX, Bursa and NASDAQ.

“He has established himself as a trusted expert in driving strategic initiatives and optimising corporate performance,” the announcement said.

There was no reason given for Catalano stepping down from the executive chairman role.



Some news today from Kingwest Resources (ASX:KWR) after the company announced that the share and option schemes of arrangement in relation to the merger of Kingwest and Brightstar Resources (ASX:BTR) have been implemented today.

Under the terms of the scheme, all eligible Kingwest security holders have been issued 1 new BTR share for every 0.38 KWR shares held at the record date, plus 1 new BTR option at the same rate.

Kingwest will now apply to the ASX for the termination of official quotation and removal from the official list of the ASX which is expected to take effect from close of business on 29 May 2023.

Magnis Energy Technologies (ASX:MNS) has announced non-executive director Hoshi Daruwalla is stepping up to be the company’s managing director (USA). Based in the US, Hoshi will oversee Magnis’ US expansion plans.

MNS said Hoshi brings more than 30 years of experience in global tier-1 advanced manufacturing companies where he has held board, C-Level, and Senior Management roles.

In the battery industry, Hoshi was recently the chairman and CEO of EcoPro Battery Materials Inc. Hoshi has held senior global roles with Daikin Industries, American Air Filter – McQuay, The Hong Leong Group, and Purafil Inc. Hoshi is also a US. Department of Commerce-appointed State of Georgia District Exports Council rep and board member



Sayona Mining (ASX:SYA) – Capital raising.
Hammer Metals (ASX:HMX) – Capital raising.
Optiscan (ASX:OIL) – Capital raising.
Tivan (ASX:TVN) – Announcement regarding the establishment of an Advisory Group.